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<br />
<br />CITY OF LA PORTE, TEXAS
<br />Statement of Revenues, Expenses and Changes in Fund Net Ass
<br />Proprietary Funds
<br />For The Year Ended September 30,2007
<br /> Business-type Activities -
<br /> Enterprise Funds
<br /> La Porte Area Othe r
<br /> Utility W ate r Authority Funds
<br />Operating revenues:
<br />User fees $ 6,518,507 $ 1,035,062 $1,143,020
<br />Operating expenses:
<br />Personal services 2,333,780 949,768
<br />Supplies 193,536 215 175,777
<br />Other services and charges 3,154,232 721,721 257,128
<br />Depreciation 1,531,473 441 ,91 3 267,864
<br />Total op,erating expenses 7,213,021 1,163,849 1,650,537
<br />Operating income (loss) (694,514) (128,787) (507,517) -
<br />Nonoperating revenues (expenses):
<br />Interest income 204,267 110,364 27,935
<br />Interest expense and fiscal charges (161,364) (299,598)
<br />Gain (loss) on sale of equipment 202,799 (2,009)
<br />Total nonoperating revenue (expenses) 245,702 (189,234 ) 25,926
<br />Incom e (loss) before contributions
<br />and transfers (448,812) (318,021) (481,591 )
<br />Capital contributions 847,006 213,942
<br />Transfers in 54,524 538,816
<br />Transfers out (576,065) (59,454) (33,433 )
<br />Change in net assets (970,353) 469,531 237,734
<br />Total net assets-beginning 24,576,782 5,336,026 5,311,874
<br />Total net assets-ending $ 23,606,429 $ 5,805,557 $ 5,549,608
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<br />See accompanying notes to basic financial statements.
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